Economy & Trade

UAE – Eurasian Economic Union Hold Free Trade Agreement Talks

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Russian and UAE senior trade representatives shake hands in Moscow UAE-EAEU trade now US$6.3 billion and rising fast The UAE and the Eurasian Economic Union (EAEU) have held a second round of negotiations in Moscow concerning a potential free trade economic partnership. The discussions took place from June 20-22. The EAEU includes Armenia, Belarus, Kazakhstan, […]

Using Dubai As A Remote Working Base

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New opportunities for Digital Nomads in the UAE The global workforce is in the midst of a monumental shift, one that has been years in the making but accelerated rapidly in the aftermath of the Covid pandemic. Once considered an unusual option for exceptional circumstances, remote work has become a critical element of every successful […]

Presidents Raisi and Putin Discuss Iran-Russia INSTC Connectivity

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Direct rail route via Azerbaijan should be completed by mid 2025 The President of Iran, Ebrahim Raisi and the Russian President, Vladimir Putin have discussed the development of the International North-South Transport Corridor. Earlier this year, Russia and Iran signed an agreement on the construction of one significant part of the North-South Corridor – a […]

The GCC – China Free Trade Agreement – Latest Updates From Saudi Arabia

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The free trade agreement currently being negotiated between China and the Saudi Arabia-dominated Gulf Cooperation Council needs to protect emerging Gulf industries, Khalid al-Falih, the Saudi investment minister said on Sunday, (June 25) adding he hoped it would be finalised soon.

Turkiye – UAE Bilateral Trade: 2023-24 Status and Prospects

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By Farzad Ramezani Bonesh Since the beginning of the 21st century, Turkiye’s relations with the UAE have gained more dimensions with the strengthening of political and economic relations. But political and ideological differences, tensions in relations, and fallout over the alleged murder of Jamal Khashoggi reduced the trade turnover to about US$7 billion in 2018. […]

The UAE & Saudi Arabia’s Potential BRICS Membership

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The expansion of the BRICS grouping shows a need of the moment for the restructuring of global economic needs By Mohammed Al Asoomi The changes brought about by the Russian-Ukrainian war are spreading at an accelerated pace, driven by objective developments and historical influences. These warrant a reconsideration when adapting to economic and geopolitical shifts. […]

Dubai Chamber of Commerce Opens Offices In Singapore

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The UAE and Singapore have a Free Trade Agreement and offer each other regional access to new markets The Dubai International Chamber has opened a new international representative office in Singapore, reinforcing the existing and well-established business links between Singapore and the UAE. The step comes as part of the ‘Dubai Global’ initiative, which was […]

Qatar, UAE Restore Diplomatic Relations

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Qatar and the United Arab Emirates have decided to restore diplomatic relations, and embassies and consulates of the two states recommenced working on Monday (June 19), according to Qatar’s Foreign Ministry.

Dubai Enhances Customs Procedures To Keep Pace With Regional Trade Agreements

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Looking to double trade to US$7 trillion by 2033 Dubai Customs is actively keeping up with the comprehensive economic partnership agreements between the United Arab Emirates and several major countries in global and regional trade markets.

UAE Extends Unemployment Insurance Deadline Until October 1st 2023

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All company employees must individually apply, not their employers. The UAE Ministry of Human Resources and Emiratisation (MoHRE) has extended the date of registering with the UAE Unemployment Insurance Scheme, originally intended for July 1st and now pushed back until October 1, 2023. This extension allows more time for employees to complete their registration, according […]

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